Get started
Stellar Lumens

XLMUSD may drop really hard, best wait for retest of support

By molbioinfo
Updated
Huge ascending triangle, bull dream if it goes up, bear dream if it goes down.
Comment
The RSI has broken the trendline, losing momentum. If this week closes around current price or lower, it could go down to 0.05-0.07, depending on how hard the rest of the market goes, I think. 0.003 is super super far-fetched, but you never know with crypto.
If it found support around 0.07, it would be likely to see a 10X bounce to test around 0.76 again though!
snapshot
Comment
The monthly gives another picture. Perhaps that support around 0.07 is possible. The descending triangle of RSI is bullish, so a breakout upwards (after the downside suggested in the weekly chart) suggest quite a big room for price increase.
snapshot
Trend Analysis
molbioinfo

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.